Starting any business is not an easy deal and it takes a lot of courage to think of starting a career as risky as a startup plan. But if you consider these two factors while setting up your business, I bet the results will a lot better.
Assemble a sound organization
Funding is considered a tough task to accomplish and so is creating a sound organization comprising of best-suited people. Successful companies don’t just happen to be successful in real life, they are made successful by putting an inconsiderable amount of effort and time, which can be possible if we have a sound organization.
- If a company is small with limited resources available, then seeking for people who are a great fit for the company is the most essential thing to do.
- We can’t just recruit the best as this category is already working at higher pay grades elsewhere. We need to put our best with the organization we can build with our limited resources at that time.
- Recruiting can be done in a much easier way by sorting the search criteria through the fact that, Do any of the respective candidates have the same dedication to the purpose of this business as we do?
- We do not want to be counted as an average so we have to stop working for getting average results
- We need to aim for the top, for the best. If we avoid this with time, we can end up with a broken and flawed company where we do everything in our organization, late-night work, etc
This also comes with challenges like in the beginning, we are very delighted to meet another person of the same quality who is ready to work with us or alongside us in our adventure. But as we advance, we came to know that there are two types of people, one with hands of stone and other with hands like glue, whatever we throw at them, stone ones will make them bounce and glue ones will catch them and can work with it.
Being Paranoid is Good
Being paranoid is needed to become a successful entrepreneur. We must always have to accept our company as a growing company irrespective of its huge achievements. The point of time when we start to think of ourselves to be victorious and a successful entrepreneur, many new contenders will arrive and attempt successful maneuvers to catch our clients and beat our business. We are more prone to failure when we think of ourselves as a successful entrepreneur.
A Reality Check
Young entrepreneurs need a reality check. Before starting any business, our Biz idea has to pass three simple checks.
- The business plan we have in our mind should be unique, in a way that when customers see what we are selling, they should be like they are wishing for it, awaiting it. The biz idea we are selling must strike them.
- Also, the business plan must be immense for ourselves first, it must be that huge that we can dedicate our life into it without overthinking. Check to see if your business plan fits into this category. It has a chance of being successful in the future or not.
- Then comes the third check, the timing of your biz plan must be perfect. If we enter too early, it can jeopardize the biz, there can be some possible conditions which can backslide our biz. The point where we are focusing our entry should be that one point where the market we are aiming for is going up so that it can help in building our initial thrust in being a successful entrepreneur.
Upon clearing these basic checks, we will have a biz plan with a USP, immense to ourselves and so will be for the world and at the same time punching the global market at the perfect moment. We launch then our biz plan while preparing yourself for the discomfort as well as in business, not everything is inevitable, but for young entrepreneurs, discomfort is the first baby step in starting something modernist and so immense.
What Do We Conclude?
A lot of young entrepreneurs fail trying to do the shifting from a poor and grainy startup to a well-groomed company. They rely on their hunches instead of well-established systems that proficient manager use. They refuse any type of hindrance placed on their hunches. These hindrances are the ground stone for the later stages of expansion. The turmoil of initializing a company must allow some orders and systems to be enforced which can allow other heads to aid in pushing the management forth.
We have two choices:
- Either manage an average company without having any viable progress
- Or we can eliminate this normality and this averageness so that we can advance. To become a successful entrepreneur.
We need to remove all those average factors from our company and need to run our company with “A”s and best-fit options with higher targets to complete.
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.